GM 3Q profit falls 40% to $2.4B as chip shortage dings sales

3 years ago
Anonymous $np3LcwuhSi

https://apnews.com/a76e60e022a4a43501657dc89c3fadc8

DETROIT (AP) — High prices for trucks and SUVs helped General Motors post a $2.4 billion third-quarter profit despite factory closures due to a shortage of computer chips and other parts.

But the profit was 40% lower than the $4 billion GM made during the same period last year as sales slumped and the company lost market share in the U.S., its most profitable country.

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